City of Meadowlakes. April 2017 Financial Statements

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1 City of Meadowlakes April 2017 Financial Statements Run Date: 5/10/2017

2 General Fund Snapshot April 201 Income vs. Expense Trend Revenues $180,000 Expenses $160,000 $140,000 Prev Year Income Comparison $140,000 Actual FY16 Actual FY17 $120,000 $100,000 $45,000 $40,000 Prev Year Expense Comparison Actual FY16 Actual FY17 $120,000 $100,000 $80,000 $35,000 $80,000 $60,000 $30,000 $60,000 $40,000 $40,000 $25,000 $20,000 Oct Nov Dec Jan Feb Mar Apr $20,000 Oct Nov Dec Jan Feb Mar Apr $20,000 Oct Nov Dec Jan Feb Mar Apr Budgeted vs. Actual Revenues Actual FY16 Actual FY17 Budgeted FY17 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 Budgeted vs. Actual Expenses Actual FY16 Actual FY17 Budgeted FY17 $50,000 $45,000 $40,000 $35,000 $30,000 $25,000 Account Balances Cash 4/30/2017 4/30/2016 Checking Account $ 326,431 $ 288,569 CD's $ 241,008 $ 241,008 Total Cash $ 567,439 $ 529,577 Current Assets $ 16,187 $ 14,932 Current Payables $ 54,625 $ 49,956 Net Gain/(Loss) $ 178,675 $ 137,505 $20,000 Oct Nov Dec Jan Feb Mar Apr $20,000 Oct Nov Dec Jan Feb Mar Apr Cash Flow (+/-) $ 161,660 $ 148,259 (FY to Date) Page 2 of 49 Pages

3 City of Meadowlakes-General Fund FY 17 Cash Flow Beginning FY Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Total Cash on hand (beginning of month) $405,780 $405,780 $346,710 $377,530 $515,303 $603,604 $609,325 $584,671 $567,440 $567,440 $567,440 $567,440 $567,440 Cash on hand (end of month) $405,780 $346,710 $377,530 $515,303 $603,604 $609,325 $584,671 $567,440 $567,440 $567,440 $567,440 $567,440 $567,440 CASH RECEIPTS Total Ad Valorem Tax $1,409 $33,833 $165,629 $98,152 $28,375 $1,024 $6,590 $335,012 Franchise Fee $14,582 $1,270 $0 $7,001 $5,446 $0 $12,156 $40,455 Miscellaneous $2,889 $23,406 $1,036 $1,516 $2,589 $645 $1,913 $33,994 Inspection/Bldg. Fee Deposits $2,495 $1,696 $3,100 $2,215 $4,700 $420 $2,945 $17,571 Transfer in from other Funds $11,092 $11,092 $11,092 $15,661 $12,615 $12,615 $18,020 $92,187 TOTAL CASH RECEIPTS $32,467 $71,297 $180,857 $124,545 $53,726 $14,703 $41,624 $0 $0 $0 $0 $0 $519,219 Total cash available $405,780 $438,247 $418,007 $558,387 $639,848 $657,330 $624,028 $626,295 $567,440 $567,440 $567,440 $567,440 $567,440 CASH PAID OUT-OPERATIONAL Total Prior Months Payables/Miscellaneous $43,284 $1,146 $1,609 $1,975 $10,126 $618 $4,153 $62,911 Employee Related Expense $22,772 $27,450 $23,318 $23,695 $25,063 $23,505 $27,401 $173,204 Administrative Expenses $15,326 $3,426 $9,228 $1,734 $3,699 $5,908 $17,339 $56,660 Public Safety $10,155 $8,455 $8,929 $8,840 $8,117 $9,326 $9,962 $63,784 $0 Total Cash Paid Out-Operational $91,537 $40,477 $43,084 $36,244 $47,005 $39,357 $58,855 $0 $0 $0 $0 $0 $356,559 CASH PAID OUT- NON -OPERATIONAL Total Transfer Out to Other Funds $0 $0 $0 $0 $1,000 $0 $0 $1,000 Capital Expenditures over $5000 $0 $0 $0 $0 $0 $0 $0 $0 Contingencies $0 $0 $0 $0 $0 $0 $0 $0 Total Cash Paid Out-Non-Operational $0 $0 $0 $0 $1,000 $0 $0 $0 $0 $0 $0 $0 $1,000 TOTAL CASH PAID OUT $91,537 $40,477 $43,084 $36,244 $48,005 $39,357 $58,855 $0 $0 $0 $0 $0 $357,559 Cash on hand (end of month) $405,780 $346,710 $377,530 $515,303 $603,604 $609,325 $584,671 $567,440 $567,440 $567,440 $567,440 $567,440 $567,440 Change in Cash Difference Beginning to End of Month Increase/(Decrease) In Cash Since Beginning of Fiscal Year Total ($59,070) $30,820 $137,773 $88,301 $5,721 ($24,654) ($17,231) $0 $0 $0 $0 $0 $161,660 ($59,070) ($28,250) $109,523 $197,824 $203,545 $178,891 $161,660 $161,660 $161,660 $161,660 $161,660 $161,660 $200,000 Cash Flow by Month $700,000 Cash On Hand Comparison $150,000 $600,000 $500,000 $100,000 $400,000 $50,000 FY16 Actual FY17 $300,000 Budget FY17 $- Oct 31 Nov 30 Dec 31 Jan 31 Feb 28 Mar 31 Apr 30 May 31 Jun 30 July 31 Aug 31 Sept 30 $200,000 $(50,000) $100,000 $(100,000) $- Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept FY16 Actual FY17 Budgeted FY17 Page 3 of 49

4 City of Meadowlakes-General Fund Balance Sheet Apr Mar Apr 30, 2016 ASSETS Current Assets Checking/Savings General Fund Cash First State Bank $ 326,281 $ 343,523 $ 288, Petty Cash $ 150 $ 150 $ CD's Held by 1st State Central CD-#31961 $ 50,206 $ 50,206 $ 50, CD-#31962 $ 50,216 $ 50,216 $ 50, CD-#51963 $ 50,216 $ 50,216 $ 50, CD-#31964 $ 50,206 $ 50,206 $ 50, CD #31971 $ 40,164 $ 40,164 $ 40,164 Total CD's Held by 1st State Central $ 241,008 $ 241,008 $ 241,008 Total General Fund Cash $ 567,439 $ 584,681 $ 529,577 Total Checking/Savings $ 567,439 $ 584,681 $ 529,577 Other Current Assets Texas Dept. of Transp Escrow Dep $ 200 $ 200 $ Property Taxes Receivable $ 11,405 $ 11,405 $ 11, Prepaid Payroll Prepaid Salary $ 4,588 $ 4,588 $ 3, Prepaid Payroll - Other $ (6) $ (6) $ - Total Prepaid Payroll $ 4,582 $ 4,582 $ 3,085 Total Other Current Assets $ 16,187 $ 16,187 $ 14,932 Total Current Assets $ 583,626 $ 600,868 $ 544,509 Other Assets Receivables from Other Funds $ 16,117 $ 17,747 $ 9,750 Total Other Assets $ 16,117 $ 17,747 $ 9,750 TOTAL ASSETS $ 599,743 $ 618,615 $ 554,259 LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable Accounts Payable Accounts Payable Current $ 1,136 $ 1,337 $ Accounts Payable Other $ (311) $ (311) $ - Total Accounts Payable $ 825 $ 1,026 $ 788 Total Accounts Payable $ 825 $ 1,026 $ 788 Other Current Liabilities Deferred Revenue $ 11,405 $ 11,405 $ 11, Special Restricted Funds Unemployment Reserve Fund $ 2,145 $ 3,613 $ 11, Discretionary Fund-Judicial Security Fund $ 300 $ 300 $ 300 Page 4 of 49

5 City of Meadowlakes-General Fund Balance Sheet Apr Mar Apr 30, Technical Fund $ 400 $ 400 $ 400 Total Discretionary Fund-Judicial $ 700 $ 700 $ Facilities Replacement & Major $ 7,345 $ 7,345 $ 7, Fire Department Reserve Fund- $ - $ - $ - Total Special Restricted Funds $ 10,190 $ 11,658 $ 19, Time Payment Plan $ 457 $ 457 $ Building Committee Deposits Deposits-Clean-up $ 18,150 $ 17,650 $ 11, Inspection Fees $ 9,423 $ 9,320 $ 7,307 Total Building Committee Deposits $ 27,573 $ 26,970 $ 18, Fire Department Reserve $ 5,000 $ 5,000 $ - Total Other Current Liabilities $ 54,625 $ 55,490 $ 49,956 Total Current Liabilities $ 55,450 $ 56,516 $ 50,744 Total Liabilities $ 55,450 $ 56,516 $ 50,744 Equity Opening Balance Equity $ 83,493 $ 83,493 $ 83, Retained Earnings $ 282,129 $ 282,129 $ 282,516 Net Income $ 178,675 $ 151,562 $ 137,505 Total Equity $ 544,297 $ 517,184 $ 503,515 TOTAL LIABILITIES & EQUITY $ 599,747 $ 573,700 $ 554,259 Page 5 of 49

6 City of Meadowlakes-General Fund Profit & Loss Budget vs. Actual Apr 2017 Budget FY to Date Budget Ordinary Income/Expense Income Ad Valorem Tax 6,590 $ 4,581 $ 338,002 $ 337, Franchise Fees PEC Franchise Tax 7,766 $ 9,450 $ 25,005 $ 28, Cable Franchise Tax 4,350 $ 8,750 $ 12,843 $ 26, Telephone Franchise Tax 39 $ 26 $ 2,607 $ 2, Franchise Fees - Other $ - Total Franchise Fees 12,155 $ 18,226 $ 40,455 $ 56, Liquor Tax 376 $ 325 $ 1,044 $ City Bldg. Permits Home Permits 0 $ 40 $ 1,650 $ Remodeling Permits 300 $ 70 $ 1,350 $ Fence & Decks Permits 200 $ 113 $ 550 $ Misc. Bldg. Revenue 265 $ 100 $ 800 $ 600 Total City Bldg. Permits 765 $ 323 $ 4,350 $ 2, Judicial Court Costs $ - $ - $ - $ Court Fines $ 571 $ 800 $ 1,567 $ 2, Administrative Fee $ - $ - $ - $ - Total Judicial $ 571 $ 800 $ 1,567 $ 2, Miscellaneous Interest Earned $ - $ - $ - $ Money Market $ - $ - $ 2 $ - Total Interest Earned $ - $ - $ 2 $ Interest - Investments $ - $ - $ - $ Pet Registration Fee $ 175 $ 180 $ 1,224 $ 1, Miscellaneous $ 25 $ 50 $ 387 $ 325 Total Miscellaneous $ 200 $ 230 $ 1,613 $ 1,369 Total Income $ 20,657 $ 24,485 $ 387,031 $ 402,626 Gross Profit $ 20,657 $ 24,485 $ 387,031 $ 402,626 Page 6 of 49

7 City of Meadowlakes-General Fund Profit & Loss Budget vs. Actual Apr 2017 Budget FY to Date Budget Expense 5000 Administrative Expenses 5001 Employee Expenses Employee Expenditures Salary - Exempt $ 14,937 $ 11,245 $ 76,921 $ 78, Salary - Non-exempt Employees $ 7,218 $ 7,745 $ 55,009 $ 54, Salary - Part time $ - $ - $ - $ FICA/Medicare $ 1,695 $ 1,500 $ 10,371 $ 11, Longevity Pay $ - $ - $ 3,938 $ 4, Retirement $ 233 $ 500 $ 1,367 $ 3, Health Insurance $ 3,178 $ 3,403 $ 22,288 $ 23, Unemployment Reserve Exp $ - $ - $ - $ 1, Training & Travel $ - $ - $ 487 $ Dues and Memberships $ - $ - $ - $ Miscellaneous $ - $ 100 $ 789 $ Employee Expenditures - Other $ - $ - $ - $ - Total Employee Expenditures $ 27,261 $ 24,493 $ 171,170 $ 179,565 Total 5001 Employee Expenses $ 27,261 $ 24,493 $ 171,170 $ 179, Administrative Expenses Property Tax Collection Expense Quarterly Expense $ - $ 3,025 $ 5,770 $ 9, Collection Expense $ - $ - $ - $ Property Tax Collection Expense - Other $ - $ - $ - $ - Total Property Tax Collection Expense $ - $ 3,025 $ 5,770 $ 9, City Building Committee $ - $ - $ 53 $ Flood Plain/Emergency Mgt. $ - $ - $ 500 $ Professional Services City Attorney-General $ - $ 250 $ 4,455 $ 1, Audit $ - $ - $ 14,500 $ 16, Election $ - $ - $ Codification Expense $ - $ - $ 4,000 Total Professional Services $ - $ 250 $ 18,955 $ 21, Office Expense/Supplies $ 226 $ 500 $ 2,623 $ 3, Lease-Copier $ 246 $ 300 $ 1,474 $ 2, Office Equipment Repair & Maint $ - $ 375 $ 453 $ 2, Cap Exp Under $5000 $ - $ - $ - $ 3, Postage $ - $ 225 $ 491 $ 1, Memberships-Various $ - $ - $ 160 $ 1, Telephone $ 297 $ 250 $ 1,766 $ 1, Miscellaneous $ - $ 335 $ 2,390 $ 2, Website Hosting & Upgrade $ - $ 473 $ 3,000 Total 5010 Administrative Expenses $ 769 $ 5,260 $ 35,108 $ 52,600 Page 7 of 49

8 City of Meadowlakes-General Fund Profit & Loss Budget vs. Actual Apr 2017 Budget FY to Date Budget 5020 Insurance Expense Insurance - Worker's Comp $ - $ - $ 1,132 $ 2, Liability $ - $ - $ 2,941 $ 3, Crime $ - $ - $ 500 $ Errors & Omissions $ - $ - $ 5,442 $ 5,600 Total 5020 Insurance Expense $ - $ - $ 10,015 $ 11, Judicial Expense Education $ - $ - $ - $ Membership $ - $ - $ - $ Prosecuting Attorney $ 300 $ 300 $ 2,100 $ 2, Court Software $ - $ - $ 3,605 $ 3, Office Lease - Judge $ 200 $ 200 $ 1,400 $ 1, Administrative Expense $ 100 $ 63 $ 461 $ 435 Total 5030 Judicial Expense $ 600 $ 563 $ 7,566 $ 7, Building and Facility Operation Office Maintenance-Cleaning $ 260 $ 335 $ 1,820 $ 2, Maintenance & Repair $ - $ 415 $ 62 $ 2, Electric Service $ 228 $ 290 $ 1,643 $ 2, Ins-Real Estate & Pers Prop $ - $ - $ 916 $ 1,000 Total 5040 Building and Facility Operation $ 488 $ 1,040 $ 4,441 $ 8,310 Total 5000 Administrative Expenses $ 29,118 $ 31,356 $ 228,300 $ 259, Public Safety 6010 Ordinance Enforcement Ordinance Employee $ 856 $ 1,000 $ 5,992 $ 7, Ordinance FICA/Med $ 101 $ 77 $ 529 $ Insurance - Worker's Comp $ - $ - $ - $ Mileage $ 21 $ 100 $ 99 $ 1, Supplies/Miscellaneous $ - $ 225 $ 647 $ Ordinance Enforcement - Other $ - $ - $ - $ - Total 6010 Ordinance Enforcement $ 978 $ 1,402 $ 7,267 $ 9, Animal Control Salaries $ 460 $ 665 $ 3,409 $ 4, Animal Control FICA $ - $ 68 $ 141 $ Ins-Worker's Comp $ - $ - $ 282 $ Pet Holding Fee/Rabies $ - $ - $ 180 $ Supplies/Miscellaneous $ - $ 68 $ 1,567 $ 440 Total 6020 Animal Control $ 460 $ 801 $ 5,579 $ 5, Traffic Control Salary & Wages $ 1,488 $ 1,038 $ 8,375 $ 7, FICA/Med $ 114 $ 80 $ 663 $ Ins-Worker's Comp $ - $ - $ 318 $ 325 Page 8 of 49

9 City of Meadowlakes-General Fund Profit & Loss Budget vs. Actual Apr 2017 Budget FY to Date Budget Ins-Auto Liability $ - $ - $ - $ Ins-Law Enf Liability $ - $ - $ 1,122 $ 1, Misc. Traffic Control Exp. $ - $ 50 $ 145 $ 350 Total 6030 Traffic Control $ 1,602 $ 1,168 $ 10,623 $ 9, Contract Emergency Service Marble Falls EMS $ 2,958 $ 2,975 $ 20,708 $ 20, Marble Falls Fire $ 3,095 $ 3,105 $ 21,662 $ 21,735 Total 6050 Contract Emergency Service $ 6,053 $ 6,080 $ 42,370 $ 42,485 Total 6000 Public Safety $ 9,093 $ 9,451 $ 65,839 $ 68,059 Total Expense $ 38,211 $ 40,807 $ 294,139 $ 327,969 Net Ordinary Income $ (17,554) $ (16,322) $ 92,892 $ 74,657 Other Income/Expense Other Income Transfer in From Other Funds Transfer in from Utility Fund $ 8,634 $ 8,634 $ 60,436 $ 60, Transfer in Recreation Fund $ 3,981 $ 2,496 $ 26,347 $ 17,470 Total Transfer in From Other Funds $ 12,615 $ 11,130 $ 86,783 $ 77,905 Total Other Income $ 12,615 $ 11,130 $ 86,783 $ 77,905 Other Expense 7000 Non-Operating Expense Transfers Out Transfer to RCC Fund $ - $ - $ 500 $ Transfer or PWD $ - $ - $ 500 $ 500 Total Transfers Out $ - $ - $ 1,000 $ 1, Capital Expenditure over $5,000 $ - $ - $ - $ - Total 7000 Non-Operating Expense $ - $ - $ 1,000 $ 1,000 Total Other Expense $ - $ - $ 1,000 $ 1,000 Net Other Income $ 12,615 $ 11,130 $ 85,783 $ 76,905 Net Income $ (4,939) $ (5,192) $ 178,675 $ 151,562 Page 9 of 49

10 7:33 AM 05/05/17 City of Meadowlakes-General Fund Check Detail April 2017 Type Numb Date Name Account Paid Amount Original Amount Check EFT 04/01/2017 Adams, Don First State Bank Office Lease - Judge TOTAL Check EFT 04/01/2017 Marble Falls Area Volunteer Fi First State Bank -3, Marble Falls Fire -3, , TOTAL -3, , Check EFT 04/01/2017 Marble Falls Area EMS Inc First State Bank -2, Marble Falls EMS -2, , TOTAL -2, , Check EFT 04/28/2017 Katherine McAnally First State Bank Prosecuting Attorney TOTAL Bill Pmt -Check /06/2017 Card Service Center First State Bank Bill 3/29/17 Stmt 03/29/ Training & Travel Supplies/Miscellaneous TOTAL Bill Pmt -Check /06/2017 Pedernales Electric Coop First State Bank Bill 2/22-3/25/17 03/28/ Electric Service TOTAL Bill Pmt -Check /06/2017 Spotless Cleaning First State Bank Bill /28/ Office Maintenance-Cleaning TOTAL Bill Pmt -Check /06/2017 Sprint First State Bank Bill March Stmt 03/24/ Telephone TOTAL Bill Pmt -Check /13/2017 City of Meadowlakes Public W First State Bank -1, Bill /24/ Miscellaneous Supplies/Miscellaneous Ordinance Misc. Exp Office Expense/Supplies Postage Miscellaneous Ordinance Misc. Exp TOTAL -1, , Page 10 of 49

11 7:33 AM 05/05/17 City of Meadowlakes-General Fund Check Detail April 2017 Type Numb Date Name Account Paid Amount Original Amount Bill Pmt -Check /13/2017 Condor Document Service, LL First State Bank Bill CBA /11/ Office Expense/Supplies TOTAL Bill Pmt -Check /13/2017 Dalton J. Ryan Construction A First State Bank Bill Refund 04/06/ Deposits-Clean-up TOTAL Bill Pmt -Check /13/2017 Neffendorf & Knopp, P.C First State Bank -14, Bill /25/ Audit -14, , TOTAL -14, , Bill Pmt -Check /20/2017 ATS First State Bank Bill I /24/ Inspection Fees Bill I /31/ Inspection Fees TOTAL Bill Pmt -Check /20/2017 Burnet County First State Bank Bill March /12/ Administrative Expense TOTAL Bill Pmt -Check /20/2017 Burnet Vet Clinic Inc First State Bank Bill /27/ Pet Holding Fee/Rabies TOTAL Bill Pmt -Check /20/2017 Frontier First State Bank Bill 4/4/17 Stmt 04/04/ Telephone TOTAL Bill Pmt -Check /20/2017 Pedernales Electric Coop First State Bank Bill 3/7-4/6/17 Stm 04/08/ Electric Service TOTAL Bill Pmt -Check /20/2017 State Comptroller First State Bank Bill 2017 Quarterly 03/31/ Administrative Expense TOTAL Bill Pmt -Check /20/2017 TX Workforce Commission First State Bank -5, Bill st Qtr. 04/11/ Unemployment Reserve Fund -5, , TOTAL -5, , Bill Pmt -Check /20/2017 MIR Homes, LLC First State Bank Page 11 of 49

12 7:33 AM 05/05/17 City of Meadowlakes-General Fund Check Detail April 2017 Type Numb Date Name Account Paid Amount Original Amount Bill Refund 04/20/ Deposits-Clean-up TOTAL Bill Pmt -Check /27/2017 DOC Homes First State Bank Bill Refund 03/25/ Deposits-Clean-up TOTAL Bill Pmt -Check /27/2017 Quill Corporation First State Bank Bill /03/ Office Expense/Supplies TOTAL Bill Pmt -Check /27/2017 Xerox Corporation First State Bank Bill /01/ Lease-Copier Office Expense/Supplies TOTAL Total April 2017 General Fund Disbursements 31, Page 12 of 49

13 Utility Fund Snapshot $140,000 Income vs. Expense Trend Revenues $120,000 Expenses $100,000 $80,000 $60,000 $40,000 Prev Year Income Comparison Actual FY16 Actual FY17 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 Prev Year Expense Comparison $160,000 Actual FY16 Actual FY17 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 April 2017 $20,000 Oct Nov Dec Jan Feb Mar Apr $20,000 Oct Nov Dec Jan Feb Mar Apr $20,000 Oct Nov Dec Jan Feb Mar Apr Budgeted vs. Actual Revenues Actual FY16 Actual FY17 Budgeted FY17 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 Budgeted vs. Actual Expenses Actual FY16 Actual FY17 Budgeted FY17 $140,000 $120,000 $100,000 $80,000 $60,000 $40,000 Account Balances Cash 4/30/2017 4/30/2016 Checking Account $ 258,271 $ 208,669 CD's $ 251,109 $ 251,109 Total Cash $ 509,482 $ 459,778 Current Receivables $ 106,281 $ 93,364 Current Payables $ 114,339 $ 144,961 Net Gain/(Loss) $ 83,000 $ (18,650) $20,000 Oct Nov Dec Jan Feb Mar Apr $20,000 Oct Nov Dec Jan Feb Mar Apr Cash Flow (+/-) $ 103,391 $ 27,640 (FY to Date) Page 13 of 49 Pages

14 City of Meadowlakes-Utility Fund FY 16 Cash Flow Beginning FY Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Total Cash on hand (beginning of month) $406,091 $406,091 $467,167 $486,979 $498,676 $524,966 $522,856 $521,294 $509,482 $509,482 $509,482 $509,482 $509,482 Cash on hand (end of month) $406,091 $467,167 $486,979 $498,676 $524,966 $522,856 $521,294 $509,482 $509,482 $509,482 $509,482 $509,482 $509,482 $0 CASH RECEIPTS Total Account Receivable $127,274 $113,641 $103,551 $93,183 $78,509 $99,292 $92,801 $708,251 Contract Services $7,109 $16,150 $8,075 $8,075 $8,075 $8,075 $8,075 $63,634 Customer's Deposits $1,000 $400 $800 $600 $1,000 $1,100 $100 $5,000 Transfer in from other Funds $0 $0 $0 $0 $500 $0 $0 $500 Miscellaneous $1,825 $3,340 $1,976 $6,547 $3,386 $1,807 $178 $19,059 TOTAL CASH RECEIPTS $137,208 $133,531 $114,402 $108,405 $91,470 $110,274 $101,154 $0 $0 $0 $0 $0 $796,444 Total cash available $406,091 $543,299 $600,698 $601,381 $607,081 $616,436 $633,130 $622,448 $509,482 $509,482 $509,482 $509,482 $509,482 CASH PAID OUT-OPERATIONAL Total Prior Months Payables/Miscellaneous $23,963 $2,249 $4,970 $2,916 $2,112 $13,465 $7,884 $57,559 Employee Related Expense $25,737 $36,474 $25,272 $25,050 $26,513 $28,798 $26,363 $194,207 Administrative Expenses $240 $20,042 $1,175 $4,247 $1,351 $1,343 $1,852 $30,250 Operating Expenses $2,350 $15,915 $32,110 $10,778 $24,395 $29,174 $37,608 $152,330 Solid Waste Collection Expense $0 $15,197 $15,336 $15,282 $15,367 $15,214 $15,417 $91,813 Total Cash Paid Out-Operational $52,290 $89,877 $78,863 $58,273 $69,738 $87,994 $89,124 $526,159 CASH PAID OUT- NON -OPERATIONAL Total Transfer to General Fund $8,634 $8,634 $8,634 $8,634 $8,634 $8,634 $8,634 $60,438 Transfers to Debt Service $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $52,500 Transfers to Recreation Fund $7,708 $7,708 $7,708 $7,708 $7,708 $7,708 $7,708 $53,956 Total Cash Paid Out-Non-Operational $23,842 $23,842 $23,842 $23,842 $23,842 $23,842 $23,842 $0 $0 $0 $0 $0 $166,894 TOTAL CASH PAID OUT $76,132 $113,719 $102,705 $82,115 $93,580 $111,836 $112,966 $0 $0 $0 $0 $0 $693,053 Cash on hand (end of month) $406,091 $467,167 $486,979 $498,676 $524,966 $522,856 $521,294 $509,482 $509,482 $509,482 $509,482 $509,482 $509,482 Change in Cash Difference Beginning to End of Month Increase/(Decrease) In Cash Since Beginning of Fiscal Year Total $61,076 $19,812 $11,697 $26,290 ($2,110) ($1,562) ($11,812) $0 $0 $0 $0 $0 $103,391 $61,076 $80,888 $92,585 $118,875 $116,765 $115,203 $103,391 $103,391 $103,391 $103,391 $103,391 $103,391 $1,205,738 Cash Flow by Month Cash On Hand Comparison $50,000 $550,000 $30,000 $10,000 $500,000 $(10,000) Beg FY Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep $450,000 $(30,000) $(50,000) $400,000 $(70,000) $(90,000) $350,000 $(110,000) $(130,000) FY15 FY16 FY17 Budgeted FY17 $300,000 Beg FY Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sept FY15 FY16 FY17 Budgeted FY17 Page 14 of 49

15 City of Meadowlakes-Utility Fund Balance Sheet Apr Mar 31, 2017 Apr 30, 2016 ASSETS Current Assets Checking/Savings 1000 Operating Cash 1010 Petty Cash $ 600 $ 600 $ Checking-1st State Bank $ 257,671 $ 269,484 $ 199, CD $ 50,224 $ 50,224 $ 50, CD $ 100,431 $ 100,431 $ 100, CD $ 100,454 $ 100,454 $ 100,454 Total 1000 Operating Cash $ 509,380 $ 521,193 $ 451, Debt Service I&S Tank-1st State Bank $ 102 $ 102 $ 8,775 Total 1300 Debt Service $ 102 $ 102 $ 8,775 Total Checking/Savings $ 509,482 $ 521,295 $ 459,777 Other Current Assets 1430 Prepaid Items $ 3,869 $ 3,864 $ 4, Operating Receivables 1510 Service Receivables $ 99,183 $ 81,548 $ 71, General Fund Receivables $ 5,119 $ 2,110 $ 1, RCC Receivable $ (264) $ 6,506 $ 8, POA Receivables $ 2,243 $ 3,300 $ Operating Receivables - Other $ - $ - $ 11,405 Total 1500 Operating Receivables $ 106,281 $ 93,463 $ 93, Operating Inventories 1810 Meter Inventory $ 15,220 $ 15,220 $ 37, Materials & Supplies Inventory $ 24,842 $ 24,842 $ 39,243 Total 1800 Operating Inventories $ 40,062 $ 40,062 $ 76, Net Pension Asset $ - $ - $ 37,609 Total Other Current Assets $ 150,212 $ 137,389 $ 212,419 Total Current Assets $ 659,694 $ 658,684 $ 672,196 Fixed Assets 1900 Fixed Assets 1910 Land 1911 Public Works Land $ 28,097 $ 28,097 $ 28, Land - Other $ 14,237 $ 14,237 $ 14,237 Total 1910 Land $ 42,334 $ 42,334 $ 42, Elevated Storage $ 655,852 $ 655,852 $ 655, Water Distribution $ 739,245 $ 739,245 $ 699, Water Treatment Plant $ 315,866 $ 315,866 $ 315, Water Rights $ 106,111 $ 106,111 $ 106, Sewage Collection System $ 853,604 $ 853,604 $ 853, Sewage Treatment Plants $ 751,626 $ 751,626 $ 751,626 Page 15 of 49

16 City of Meadowlakes-Utility Fund Balance Sheet Apr Mar 31, 2017 Apr 30, Drainage System $ 377,308 $ 377,308 $ 377, Raw Water Intake $ 563,837 $ 563,837 $ 563, WTP Expansion $ 1,735,546 $ 1,735,546 $ 1,735, Machinery & Equipment 1966 PWD Machinery & Equipment $ 113,799 $ 113,799 $ 100, Golf-Machinery & Equipment $ 24,000 $ 24,000 $ 24, Machinery & Equipment - Other $ 77,134 $ 77,134 $ 77,134 Total 1965 Machinery & Equipment $ 214,933 $ 214,933 $ 201, Auto $ 74,590 $ 74,590 $ 74, Furniture & Fixtures 1976 PWD-Furniture & Fixtures $ 54,654 $ 54,654 $ 54,654 Total 1975 Furniture & Fixtures $ 54,654 $ 54,654 $ 54, Building; Additions & Improve 1985 Municipal Building $ 300,442 $ 300,442 $ 300, Building; Additions & Improve - Other $ 105,717 $ 105,717 $ 105,717 Total 1980 Building; Additions & Improve $ 406,159 $ 406,159 $ 406, Accumulated Depreciation $ (3,115,875) $ (3,115,875) $ (2,951,889) Total 1900 Fixed Assets $ 3,775,790 $ 3,775,790 $ 3,886, Golf Irrigation Improvements $ 279,082 $ 279,082 $ 279, Accumulated Depreciation Improvements $ (66,615) $ (66,615) $ (60,479) 1992 Accumulated Depreciation Bldgs. $ (164,512) $ (164,512) $ (154,497) 1993 Accumulated Depreciation M/F/E $ (209,998) $ (209,998) $ (209,998) Total Fixed Assets $ 3,613,747 $ 3,613,747 $ 3,740,332 Other Assets 1997 Deferred Outflow/Pension $ 38,955 $ 38,955 $ 5,952 Total Other Assets $ 38,955 $ 38,955 $ 5,952 TOTAL ASSETS $ 4,312,396 $ 4,311,386 $ 4,418,480 LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable 2000 Accounts Payable $ 28,988 $ 47,514 $ 39, Current Portion-Loan Payable $ - $ - $ 42,276 Total Accounts Payable $ 28,988 $ 47,514 $ 82,231 Other Current Liabilities 3010 Service Deposits Payable $ 84,277 $ 84,377 $ 86, Sales Tax Payable $ 1,074 $ 1,077 $ 1, Vehicle & Machinery Repl Reserve $ (0) $ (0) $ 17, Accrued Employee Vacation-Payable $ 9,212 $ 9,212 $ 11, Prior Period Adjustments $ - $ - $ 322,640 Total Other Current Liabilities $ 94,563 $ 94,666 $ 438,829 Total Current Liabilities $ 123,551 $ 142,180 $ 521,060 Page 16 of 49

17 City of Meadowlakes-Utility Fund Balance Sheet Apr Mar 31, 2017 Apr 30, 2016 Long Term Liabilities 2580 Net Pension Liability $ 5,926 $ 5,926 $ Differed Inflow/Pension $ 10,844 $ 10,844 $ 14, Long Term Debt Lease/Purchase POA Loan $ - $ - $ 55,268 Total 3600 Long Term Debt $ - $ - $ 55,268 Total Long Term Liabilities $ 16,770 $ 16,770 $ 69,749 Total Liabilities $ 140,321 $ 158,950 $ 590,808 Equity 3900 Retained Earnings $ 566,056 $ 566,056 $ 323, Utility Fund Balance $ (112,440) $ (112,440) $ 184, Reserved for Inventories $ 21,711 $ 21,711 $ 21, Utility Fund-Fixed Assets $ 3,613,748 $ 3,613,748 $ 3,316,343 Net Income $ 83,000 $ 63,361 $ (18,650) Total Equity $ 4,172,075 $ 4,152,436 $ 3,827,673 TOTAL LIABILITIES & EQUITY $ 4,312,396 $ 4,311,386 $ 4,418,481 Page 17 of 49

18 City of Meadowlakes-Utility Fund Profit & Loss Budget vs. Actual Apr 2017 Budget FY to Date Budget Ordinary Income/Expense Income 5010 Water Revenue 36,388 31, , , Sewer Revenues 43,252 42, , , Garbage Revenue 17,150 17, , , Contract Services 8,075 7,917 63,634 55, Water Connect Fee Revenue ,775 2, Sewer Connect Fee Revenue ,075 2, Transfer Fee ,225 1, Penalty & Interest Earned ,578 5, Miscellaneous Revenues ,062 1, Non-Rev-Xfer In-General Fund Interest earned on Investments Total Income 105, , , ,702 Gross Profit 105, , , ,702 Expense 6100 Employee Expenses 6110 Salaries & Wages 6410 Salaries Exempt Employees 5,027 5,131 35,186 35, Salaries & Wages-Non-Exempt 13,869 15,854 92, , Overtime & Standby Pay 1,083 1,250 8,433 8, Longevity Pay-Exempt/Non-Exempt 0 0 3,554 5,000 Total 6110 Salaries & Wages 19,979 22, , , Other Employee Expenses 6116 Unemployment Expense , FICA Expense 1,528 1,730 10,692 12, Worker's Compensation Insurance 0 0 7,007 7, Employee Insurance Expenses 3,764 4,600 27,092 32, Employee Retirement Expense ,027 4, Employee Uniform Expense ,458 2, Employee Training & Travel Exp ,262 2, Miscellaneous Employee Expenses Total 6111 Other Employee Expenses 6,210 7,435 54,669 63,725 Total 6100 Employee Expenses 26,189 29, , , Administrative Expenses 6225 Misc. Dues & Fees 6226 TECQ Fees 0 0 3,642 3, Other Misc. Dues & Fees ,165 Total 6225 Misc. Dues & Fees ,917 4, Computer/Office Equip R&M Software Update ,340 1,500 Page 18 of 49

19 City of Meadowlakes-Utility Fund Profit & Loss Budget vs. Actual Apr 2017 Budget FY to Date Budget 6250 Office Supplies , Postage Expense ,862 1, Telephone Expense ,724 2, Insurance - GL & Property ,025 15, Bad Debts Administrative-Miscellaneous ,744 1,020 Total 6200 Administrative Expenses 1,490 1,280 29,903 27, Operating Expenses 6301 Water Treatment Operational Exp 6305 Water Treatment Electrical 1,984 3,000 13,256 17, Heating Fuel-WTP , R&M-Plant & Pump Station 2,895 2,000 7,518 14, WTP Chemical Expense 312 1,000 9,969 12, Water Outside Testing Expense ,280 2, Distribution Repair & Maint ,848 2, Meter Purchased ,482 50, Tap Materials-Water ,500 Total 6301 Water Treatment Operational Exp 5,990 6,792 60, , Wastewater Operational Expenses 6304 Wastewater Electrical 2,402 2,584 13,584 18, Propane-Wastewater , WWTP Chemicals , Outside Testing Wastewater ,816 1, Collection System R&M Lift Station Repairs 1, ,040 1, Collection System R&M - Other ,980 1,500 Total 6321 Collection System R&M 1, ,020 2, Irrigation Maintenance Expense WWTP Repair & Maintenance 117 1,667 31,032 11,665 Total 6302 Wastewater Operational Expenses 4,145 5,551 51,779 39, Other Operational Expenses Repair & Maintenance-Other 6329 R&M-Building/Misc ,338 6, Drainage Repair & Maintenance ,743 17,500 Total Repair & Maintenance-Other ,081 24, Vehicle Repair & Maintenance ,851 5, Machinery Repair & Maintenance 1,665 1,250 8,645 8, Vehicle & Machinery Fuel 6341 Vehicle Fuel 733 1,000 5,436 7, Machinery Fuel ,178 2,750 Total 6340 Vehicle & Machinery Fuel 733 1,750 6,614 9,750 Page 19 of 49

20 City of Meadowlakes-Utility Fund Profit & Loss Budget vs. Actual Apr 2017 Budget FY to Date Budget 6345 Equipment Lease/Rental Miscellaneous Operational Exp. 1, ,003 2, Small Tools ,432 2, Assets Purchased 4, ,615 10,000 Total 6303 Other Operational Expenses 8,965 4,650 51,641 62,555 Total 6300 Operating Expenses 19,100 16, , , Other Operational Expenses 6510 Garbage Service Expense 15,417 15, , ,800 Total 6500 Other Operational Expenses 15,417 15, , , Transfer to Other Funds 8215 Transfer to General Fund 8,634 8,634 59,936 60, Transfer to Debt Service Fund 7,500 7,500 52,500 52, Transfer to RCC Fund 7,708 7,708 53,958 53,960 Total 8200 Transfer to Other Funds 23,842 23, , , Transfer to General Fixed Asset Total Expense 86,038 87, , ,108 Net Ordinary Income 19,636 14,447 83,000-23,406 Net Income 19,636 14,447 83,000-23,406 Page 20 of 49

21 8:17 AM 05/04/17 City of Meadowlakes-Utility Fund Check Detail April 2017 Type Numb Date Name Account Paid Amount Original Amount Deposit 04/13/ Ck.ing-1st State Bank TOTAL - - Ck. EFT 04/19/2017 State Comptroller 1015 Ck.ing-1st State Bank (1,069.87) 3020 Sales Tax Payable (1,069.87) 1, TOTAL (1,069.87) 1, Bill Pmt -Ck /06/2017 Aqua-Tech Lab 1015 Ck.ing-1st State Bank (2,370.00) Bill /14/ Outside Testing Wastewater (112.00) Water Outside Testing Expense (122.00) Bill /14/ Outside Testing Wastewater (2,136.00) 2, TOTAL (2,370.00) 2, Bill Pmt -Ck /06/2017 Bill & Sherry Cossey 1015 Ck.ing-1st State Bank (10.84) Bill Refund 04/04/ Service Deposits Payable (10.84) TOTAL (10.84) Bill Pmt -Ck /06/2017 Card Service Center 1015 Ck.ing-1st State Bank (1,532.37) Bill 3/29/17 Stmt 03/29/ General Fund Receivables (243.56) RCC Receivable (344.50) Office Supplies (162.09) Postage Expense (107.50) Bill 3/29/17 Stmt - JT 03/29/ Office Supplies (24.29) General Fund Receivables (42.72) RCC Receivable (275.38) POA Receivables (236.97) WWTP Repair & Maint. (72.36) Machinery Fuel (23.00) TOTAL (1,532.37) 1, Bill Pmt -Ck /06/2017 Collier Materials, Inc Ck.ing-1st State Bank (53.90) Bill /16/ POA Receivables (53.90) TOTAL (53.90) Bill Pmt -Ck /06/2017 Debbie Holley 1015 Ck.ing-1st State Bank (21.28) Bill Reimbursement 03/31/ Employee Training & Travel Exp (21.28) TOTAL (21.28) Bill Pmt -Ck /06/2017 DPC Industries, Inc Ck.ing-1st State Bank (612.24) Bill /15/ WTP Chemical Expense (306.12) WWTP Chemicals (306.12) TOTAL (612.24) Bill Pmt -Ck /06/2017 Ferguson Enterprises 1015 Ck.ing-1st State Bank (207.09) Page 21 of 49

22 8:17 AM 05/04/17 City of Meadowlakes-Utility Fund Check Detail April 2017 Type Numb Date Name Account Paid Amount Original Amount Bill 3/31/17 Stmt 03/31/ Collection System R&M (207.09) TOTAL (207.09) Bill Pmt -Ck /06/2017 James Payne 1015 Ck.ing-1st State Bank - TOTAL - - Bill Pmt -Ck /06/2017 PEC 1015 Ck.ing-1st State Bank (3,971.36) Bill 2/22-3/ /31/ Water Treatment Electrical (1,799.35) 1, Wastewater Electrical (2,172.01) 2, TOTAL (3,971.36) 3, Bill Pmt -Ck /06/2017 Petty Cash 1015 Ck.ing-1st State Bank (241.73) Bill /04/ Administrative-Miscellaneous (78.73) Vehicle Repair & Maint. (91.00) Employee Training & Travel Exp (72.00) TOTAL (241.73) Bill Pmt -Ck /06/2017 James Payne 1015 Ck.ing-1st State Bank (10.84) Bill Refund 04/02/ Service Deposits Payable (10.84) TOTAL (10.84) Bill Pmt -Ck /13/2017 AT&T Mobility 1015 Ck.ing-1st State Bank (210.92) Bill 3/27/17 Stmt 03/27/ Telephone Expense (210.92) TOTAL (210.92) Bill Pmt -Ck /13/2017 DSHS Central Lab 1015 Ck.ing-1st State Bank (475.13) Bill 2017 Stmt 04/03/ Water Outside Testing Expense (475.13) TOTAL (475.13) Bill Pmt -Ck /13/2017 Foxworth-Galbraith 1015 Ck.ing-1st State Bank (63.13) Bill 3/31/2017 Stmt 03/31/ Miscellaneous Operational Exp. (63.13) TOTAL (63.13) Bill Pmt -Ck /13/2017 Grainger 1015 Ck.ing-1st State Bank (47.30) Bill /23/ WWTP Repair & Maint. (47.30) TOTAL (47.30) Bill Pmt -Ck /13/2017 Lowe's 1015 Ck.ing-1st State Bank (1,409.42) Bill 4/2/17 Stmt 04/02/ POA Receivables (1,245.40) 1, Miscellaneous Operational Exp. (164.02) TOTAL (1,409.42) 1, Bill Pmt -Ck /13/2017 Republic Services # Ck.ing-1st State Bank (15,416.89) Page 22 of 49

23 8:17 AM 05/04/17 City of Meadowlakes-Utility Fund Check Detail April 2017 Type Numb Date Name Account Paid Amount Original Amount Bill /31/ Garbage Service Expense (53.53) Bill /31/ Garbage Service Expense (15,363.36) 15, TOTAL (15,416.89) 15, Bill Pmt -Ck /13/2017 Tractor Supply 1015 Ck.ing-1st State Bank (375.38) Bill Stmt 03/30/ Miscellaneous Operational Exp. (108.49) Machinery Repair & Maint. (129.99) POA Receivables (136.90) TOTAL (375.38) Bill Pmt -Ck /13/2017 Wex Bank 1015 Ck.ing-1st State Bank (168.91) Bill 4/6/17 Stmt 04/06/ Vehicle Fuel (168.91) TOTAL (168.91) Bill Pmt -Ck /20/2017 General Fund 1015 Ck.ing-1st State Bank (3,774.00) Bill /17/ General Fund Receivables (3,774.00) 3, TOTAL (3,774.00) 3, Bill Pmt -Ck /20/2017 Debbie Holley 1015 Ck.ing-1st State Bank (20.41) Bill Reimbursement 04/13/ Employee Training & Travel Exp (20.41) TOTAL (20.41) Bill Pmt -Ck /20/2017 Dedicated Controls, LLC 1015 Ck.ing-1st State Bank (585.00) Bill /28/ Distribution Repair & Maint. (585.00) TOTAL (585.00) Bill Pmt -Ck /20/2017 DPC Industries, Inc Ck.ing-1st State Bank (150.00) Bill DE /31/ WTP Chemical Expense (150.00) TOTAL (150.00) Bill Pmt -Ck /20/2017 Ewald Kubota, Inc Ck.ing-1st State Bank (78.24) Bill /17/ Machinery Repair & Maint. (78.24) TOTAL (78.24) Bill Pmt -Ck /20/2017 Fastenal 1015 Ck.ing-1st State Bank (73.82) Bill TX /31/ WWTP Repair & Maint. (27.20) Miscellaneous Operational Exp. (46.62) TOTAL (73.82) Bill Pmt -Ck /20/2017 Magna-Flow Enviro 1015 Ck.ing-1st State Bank (761.88) Bill /28/ WWTP Repair & Maint. (761.88) TOTAL (761.88) Page 23 of 49

24 8:17 AM 05/04/17 City of Meadowlakes-Utility Fund Check Detail April 2017 Type Numb Date Name Account Paid Amount Original Amount Bill Pmt -Ck /20/2017 NAPA-Third Coast 1015 Ck.ing-1st State Bank (283.08) Bill 3/31/17 Stmt 03/31/ Machinery Repair & Maint. (283.08) TOTAL (283.08) Bill Pmt -Ck /20/2017 Precision Pump Systems 1015 Ck.ing-1st State Bank (18,670.00) Bill /27/ WWTP Repair & Maint. (18,670.00) 18, TOTAL (18,670.00) 18, Bill Pmt -Ck /20/2017 UniFirst Holdings, Inc Ck.ing-1st State Bank (477.17) Bill /27/ Employee Uniform Expense (335.66) Bill /03/ Employee Uniform Expense (141.51) TOTAL (477.17) Bill Pmt -Ck /20/2017 Wex Bank 1015 Ck.ing-1st State Bank (604.92) Bill /06/ Vehicle Fuel (564.52) General Fund Receivables (40.40) TOTAL (604.92) Bill Pmt -Ck /27/2017 Card Service Center 1015 Ck.ing-1st State Bank (330.34) Bill 3/29/17 04/23/ Miscellaneous Operational Exp. (140.62) General Fund Receivables (19.74) Vehicle Repair & Maint. (39.98) RCC Receivable (130.00) TOTAL (330.34) Bill Pmt -Ck /27/2017 Ed's Tires and Auto 1015 Ck.ing-1st State Bank (15.75) Bill /18/ Machinery Repair & Maint. (15.75) TOTAL (15.75) Bill Pmt -Ck /27/2017 Ewald Kubota, Inc Ck.ing-1st State Bank (25.62) Bill /17/ Machinery Repair & Maint. (25.62) TOTAL (25.62) Bill Pmt -Ck /27/2017 Grainger 1015 Ck.ing-1st State Bank (240.91) Bill /04/ WWTP Repair & Maint. (5.43) 5.43 Bill /04/ WWTP Repair & Maint. (54.00) Bill /11/ R&M-Plant & Pump Station (181.48) TOTAL (240.91) Bill Pmt -Ck /27/2017 Perennial Material 1015 Ck.ing-1st State Bank (71.00) Bill /18/ RCC Receivable (35.50) POA Receivables (35.50) TOTAL (71.00) Page 24 of 49

25 8:17 AM 05/04/17 City of Meadowlakes-Utility Fund Check Detail April 2017 Type Numb Date Name Account Paid Amount Original Amount Bill Pmt -Ck /27/2017 Pinnacle Propane, LLC 1015 Ck.ing-1st State Bank (436.21) Bill /31/ Machinery Fuel (436.21) TOTAL (436.21) Bill Pmt -Ck /27/2017 Precision Calibrate 1015 Ck.ing-1st State Bank (570.00) Bill /06/ R&M-Plant & Pump Station (570.00) TOTAL (570.00) Bill Pmt -Ck /27/2017 RVS Software 1015 Ck.ing-1st State Bank (105.84) Bill /12/ Software Update (105.84) TOTAL (105.84) Bill Pmt -Ck /27/2017 TEC Services 1015 Ck.ing-1st State Bank (200.00) Bill INV-01 03/07/ Employee Training & Travel Exp (200.00) TOTAL (200.00) Bill Pmt -Ck /27/2017 Techline Pipe L.P Ck.ing-1st State Bank (324.45) Bill /16/ Drainage Repair & Maint. (20.00) Bill /29/ Drainage Repair & Maint. (214.20) Bill /31/ WWTP Repair & Maint. (90.25) TOTAL (324.45) Bill Pmt -Ck /27/2017 Texas Facilities Comm 1015 Ck.ing-1st State Bank (5,064.00) Bill DO0775S 04/18/ R&M-Plant & Pump Station (250.00) Miscellaneous Operational Exp. (25.00) Bill /19/ Small Tools (494.00) R&M-Building/Misc. (105.00) Assets Purchased (4,115.00) 4, Miscellaneous Operational Exp. (75.00) TOTAL (5,064.00) 5, Bill Pmt -Ck /27/2017 Titan Transportation 1015 Ck.ing-1st State Bank (122.88) Bill /14/ Drainage Repair & Maint. (122.88) TOTAL (122.88) Bill Pmt -Ck /27/2017 US Postmaster 1015 Ck.ing-1st State Bank (700.00) Bill Permit #6 Postag 04/26/ Postage Expense (700.00) TOTAL (700.00) Bill Pmt -Ck /27/2017 Visa 1015 Ck.ing-1st State Bank (1,405.34) Bill 4/23/17 Stmt-MU 04/23/ Machinery Repair & Maint. (246.14) Miscellaneous Operational Exp. (35.84) Employee Training & Travel Exp (11.06) Bill 4/23/17 Stmt - JT 04/23/ Machinery Repair & Maint. (179.99) Page 25 of 49

26 8:17 AM 05/04/17 City of Meadowlakes-Utility Fund Check Detail April 2017 Type Numb Date Name Account Paid Amount Original Amount 6350 Miscellaneous Operational Exp. (282.76) Software Update (97.41) Collection System R&M (212.15) Administrative-Miscellaneous (339.99) TOTAL (1,405.34) 1, Total April 2017 Utility Fund Disbursements 63, April 2017 Transfer Out to Other Funds Date To: Purpose 4/3/2017 Payroll Fund Payroll Expense 11, /15/2017 Debt Service Monthly xfer per budget 7, /15/2017 General Fund Monthly xfer per budget 8, /15/2017 Recreation Fund Monthly xfer per budget 7, /17/2017 Payroll Fund Payroll Expense 10, /24/2017 Payroll Fund Employee Insurance Exp. 3, April Total Transfer Out to Other Funds 49, Total April Disbursements and Transfer to Other Funds 112, Page 26 of 49

27 Debt Service $420,000 Income vs. Expense Trend $370,000 Revenues $320,000 Expenses $270,000 $220,000 $170,000 $120,000 $70,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 Prev Year Income Comparison Actual FY16 Actual FY17 Prev Year Expense Comparison Actual FY16 Actual FY17 $270,000 $220,000 $170,000 $120,000 $70,000 April 2017 $20,000 1stQtr 2ndQtr FY to Date $100,000 1stQtr 2ndQtr FY to Date $20,000 FY to Date $250,000 $230,000 $210,000 $190,000 $170,000 $150,000 $130,000 $110,000 $90,000 $70,000 $50,000 Budgeted vs. Actual Revenues Actual FY16 Actual FY17 Budgeted FY17 1stQtr 2ndQtr FY to Date Budgeted vs. Actual Expenses Actual FY16 Actual FY17 Budgeted FY17 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $- FY to Date Account Balances Cash 4/30/2017 4/30/2016 Checking Account $ 362,593 $ 372,299 CD's $ - $ - Total Cash $ 376,816 $ 372,299 Current Receivables $ - $ - Current Payables $ 10,958 $ 9,044 Net Gain/(Loss) $ 363,083 $ 358,543 Cash Flow (+/-) $ 363,148 $ 331,976 (FY to Date) Page 27 of 49 Pages

28 City of Meadowlakes-Debt Service Fund FY 16 Cash Flow Beginning FY Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Total Cash on hand (beginning of month) $13,667 $13,667 $22,581 $64,130 $238,174 $344,445 $350,873 $362,622 $376,815 $376,815 $376,815 $376,815 $376,815 Cash on hand (end of month) $13,667 $22,581 $64,130 $238,174 $344,445 $350,873 $362,622 $376,815 $376,815 $376,815 $376,815 $376,815 $376,815 $0 CASH RECEIPTS Total Property Tax $1,346 $34,045 $166,535 $98,740 $27,549 $4,219 $6,626 $339,060 Transfers In from Utility Fund $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $52,500 Interest Earned $68 $4 $9 $31 $28 $30 $67 $237 $0 $0 TOTAL CASH RECEIPTS $8,914 $41,549 $174,044 $106,271 $35,077 $11,749 $14,193 $0 $0 $0 $0 $0 $391,797 Total cash available $13,667 $22,581 $64,130 $238,174 $344,445 $379,522 $362,622 $376,815 $376,815 $376,815 $376,815 $376,815 $376,815 CASH PAID OUT-OPERATIONAL Total Prior Months Payables/Miscellaneous $0 $0 $0 $0 $0 $0 $0 $0 Principal $0 $0 $0 $0 $0 $0 $0 $0 Interest $0 $0 $0 $0 $28,649 $0 $0 $28,649 $0 $0 Total Cash Paid Out-Operational $0 $0 $0 $0 $28,649 $0 $0 $0 $0 $0 $0 $0 $28,649 CASH PAID OUT- NON -OPERATIONAL Total $0 $0 $0 Total Cash Paid Out-Non-Operational $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 TOTAL CASH PAID OUT $0 $0 $0 $0 $28,649 $0 $0 $0 $0 $0 $0 $0 $28,649 Cash on hand (end of month) $13,667 $22,581 $64,130 $238,174 $344,445 $350,873 $362,622 $376,815 $376,815 $376,815 $376,815 $376,815 $376,815 Change in Cash Difference Beginning to End of Month Increase/(Decrease) In Cash Since Beginning of Fiscal Year Total $8,914 $41,549 $174,044 $106,271 $6,428 $11,749 $14,193 $0 $0 $0 $0 $0 $363,148 $8,914 $50,463 $224,507 $330,778 $337,206 $348,955 $363,148 $363,148 $363,148 $363,148 $363,148 $363,148 $3,479,711 $250,000 Cash Flow by Month Cash On Hand Comparison $410,000 FY15 FY16 FY17 Budgeted FY17 $360,000 $310,000 $260,000 $210,000 $160,000 $110,000 $- Oct Nov Dec Jan Feb Mar Apr FY15 FY16 FY17 Budgeted FY17 $60,000 $10,000 Beg FY Oct Nov Dec Jan Feb Mar Apr Page 28 of 49

29 City of Meadowlakes Debt Service Balance Sheet Apr 30, 2017 Mar 31,2017 Apr ASSETS Current Assets Checking/Savings Cash and Cash Equivalents Debt Service-First State Bank 376, , , Tax Clearing Account Total Cash and Cash Equivalents 376, , ,299 Total Checking/Savings 376, , ,299 Total Current Assets 376, , ,299 Fixed Assets Escrowed Interest 10,958 10, ,120 Total Fixed Assets 10,958 10, ,120 Other Assets Ad Valorem Taxes Receivable 0 0 9,044 Total Other Assets 0 0 9,044 TOTAL ASSETS 387, , ,463 LIABILITIES & EQUITY Liabilities Current Liabilities Other Current Liabilities Due Other Funds Due Debt Service Due General Fund Deferred Tax Revenue 10,958 10,958 9,044 Total Other Current Liabilities 10,958 10,958 8,955 Total Current Liabilities 10,958 10,958 8,955 Total Liabilities 10,958 10,958 8,955 Equity Unrestricted Net Assets 13,733 13, ,965 Net Income 363, , ,543 Total Equity 376, , ,508 TOTAL LIABILITIES & EQUITY 387, , ,463 Page 29 of 49

30 Accrual Basis City of Meadowlakes Debt Service Profit & Loss Budget vs. Actual Apr 2017 Budget FY to Date Budget Ordinary Income/Expense Income Ad Valorem Tax 6,626 3, , , Interest Earned on Investments Total Income 6,693 3, , ,385 Expense Bond Expense Bond Principal Bid Interest Expense Total Bond Expense Bond Expense Bond Principal Bond Interest Expense ,649 28,649 Total Bond Expense ,649 28,649 Total Expense ,649 28,649 Net Ordinary Income 6,693 3, , ,736 Other Income/Expense Other Income Transfer In from Other Funds 7,500 7,500 52,500 52,500 Total Other Income 7,500 7,500 52,500 52,500 Net Other Income 7,500 7,500 52,500 52,500 Net Income 14,193 11, , ,236 Disbursements Page 30 of 49

31 Recreation Fund Income vs. Expense Trend Prev Year Income Comparison Prev Year Expense Comparison April 2017 $300,000 Revenues Actual FY16 Actual FY17 $350,000 Actual FY16 $250,000 Expenses $300,000 $300,000 Actual FY17 $200,000 $150,000 $250,000 $200,000 $150,000 $250,000 $200,000 $150,000 $100,000 $100,000 $100,000 $50,000 1stQtr 2ndQtr Mar Apr $50,000 1stQtr 2ndQtr Mar Apr $50,000 1stQtr 2ndQtr Mar Apr Budgeted vs. Actual Revenues Actual FY16 Actual FY17 Budgeted FY17 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 1stQtr 2ndQtr Mar Apr Budgeted vs. Actual Expenses Actual FY16 Actual FY17 Budgeted FY17 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 1stQtr 2ndQtr Mar Apr Account Balances Cash 4/30/2017 4/30/2016 Checking Account $ 70,310 $ 35,523 CD's $ - $ - Total Cash $ 70,310 $ 35,523 Current Receivables $ - $ - Current Payables $ 72,253 $ 60,649 Net Gain/(Loss) $ 49,119 $ (195,487) Based on Accrual Accounting Cash Flow (+/-) $ 68,938 $ 11,203 (FY to Date) Page 31 of 49 Pages